Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 34.6% in March

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 80,500 shares, a drop of 34.6% from the March 15th total of 123,100 shares. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.6% of the shares of the stock are sold short.

Binah Capital Group Price Performance

Shares of NASDAQ BCG traded up $0.16 during mid-day trading on Thursday, reaching $2.22. The company’s stock had a trading volume of 49,981 shares, compared to its average volume of 546,827. Binah Capital Group has a 52 week low of $1.71 and a 52 week high of $12.22. The stock has a fifty day moving average of $2.04 and a two-hundred day moving average of $2.38. The firm has a market capitalization of $36.84 million, a PE ratio of -6.91 and a beta of 0.50.

Binah Capital Group (NASDAQ:BCG) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.07) EPS for the quarter. Binah Capital Group had a negative return on equity of 205.99% and a negative net margin of 3.06%. The firm had revenue of $44.61 million for the quarter.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP bought a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned about 0.16% of Binah Capital Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.97% of the company’s stock.

Binah Capital Group Company Profile

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities.